Henry Edwardes Evans, S&P Global Platts
Summary
London — The UK's health, industry and hospitality sectors could deliver savings of 137 million mt of CO2 between 2017 and 2030 if 50% of sector companies adopted distributed energy technologies, Centrica said Monday.
By far the biggest single contribution comes from the application of energy efficiency and cogeneration, the two together delivering around 90% of the CO2 cuts estimated for health and industry, and 36% for hospitality.
The potential CO2 cut equates to 11% of the sectors' carbon footprint and would reduce the UK's entire Carbon Budget to 2030 by 3%, Centrica said.
Companies are increasingly turning to distributed energy for three reasons, Centrica said: falling costs; new revenue streams; and easier financing.
"Battery prices are down 79% since 2010 and are expected to fall further still to around $70/kWh by 2030," another 67% drop on today's prices, Centrica said.
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